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Original poster

SEISS question?

3 replies

cedarandfern43 · 06/02/2021 21:42

Hi,

I've been receiving the last 3 SEISS grants as sadly my business has been struggling due to lockdown closures.

The grants are taxable, does this mean I should be putting 20% of the grant money received away into my 20-21 tax account ready to pay on my next self assessment(I have been so far). Just making sure I'm doing it right.

Thanks

OP posts:
TH22 · 06/02/2021 21:45

Everyone I know who has received it has being doing this yes

emma123456 · 06/02/2021 21:48

Yes it’s taxable

TryingNotToPanicOverCovid · 07/02/2021 07:03

Yes. We've put the money away each time we've had a grant.

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